Markets

British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound (US$5.58 billion) loss in 2020 as the pandemic stopped airlines flying, but stuck to its outlook for cash outflow to improve in 2021.

Tesla Inc has increased price of its Model Y Long Range and Model S Plaid plus by US$10,000, the electric-car maker's website showed.

SINGAPORE: Singapore is trialling the use of autonomous robots to make deliveries in Punggol, paving the way for wider use of robot "couriers" for on-demand delivery services. The one-year trial, which began in February, will see two robots by local technology company OTSAW deliver parcels and ...

Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company said on Thursday.

BP's trading arm made nearly US$4 billion in 2020, according to a copy of an internal BP presentation seen by Reuters, almost equalling the record trading profit in 2019 despite the collapse in oil demand caused by the pandemic.

Ryanair, Easyjet and other low-cost airlines have written to the European Union asking that its plan to force carriers to use a certain share of sustainable fuels apply to all flights, not just short-haul ones.

SAN FRANCISCO: Facebook has decided to halt its efforts to build a trans-Pacific undersea cable that would have connected California and Hong Kong, due to tensions between the United States and China. "Due to ongoing concerns from the US government about direct communication links between the ...

NEARLY three in four (74 per cent) consumers in Singapore are shopping online more frequently as a result of the Covid-19 pandemic, a Visa study showed. One-third (31 per cent) of Singaporeans also made an online purchase for the first time.

SINGAPORE: Waste management companies should build up “capabilities” that “few other people can have” so they can look abroad, Minister for Trade and Industry Chan Chun Sing said on Thursday (May 11).  “Once we have achieved that competitive advantage, then we can scale, and we can look at the ......

HSBC will phase out its support for the coal industry in the developed world by 2030 and in the developing world by 2040, the bank said on Thursday, bowing to investor pressure to toughen its stance on fossil fuel financing.